About Kotak Mahindra Car Insurance
Kotak Mahindra is a general insurance company in the business. The company was incorporated in December 2014. However, Kotak received approval from the IRDA in April 2015.
The company offers an array of non-life insurance products like health, motor and plenty more. Did you know that Kotak Insurance is a 100% subsidiary of Kotak Mahindra Bank Ltd? Well, the bank is a part of the Kotak Mahindra Group, headed by Uday Kotak. Banking operations kick-started long back in 2003.
Kotak Insurance aims at developing exclusively customized products paired with a cutting-edge digital infrastructure to provide customers with nothing but the best. The company has established its presence in 167 cities across the country. There are a total of 232 offices at present. Kotak General Insurance has crossed significant milestones since it was first incorporated. If you secure your vehicle with a Kotak car insurance policy, be assured that you are protected from all ends when you hit the roads.
Benefits of Car Insurance
- Quick and hassle-free claim settlement guaranteed
- Prompt customer service
- Variety of useful add-ons to choose from
- Avail benefits of personal accident cover
Kotak Mahindra Car Insurance Add-Ons
Also known as nil depreciation or bumper to bumper car insurance, this add-on guarantees complete coverage to your vehicle without factoring depreciation. Wondering what that means? Well, if your car bumps into an accident, the damages are entirely payable by the insurance company. No depreciation is deducted
Please Note: Expenses for the repair and replacement of tyres,tubes, batteries, denting and painting are covered partially in depreciation cover
Roadside Assistance Cover
What if your car breaks down in a deserted place in odd hours? There could be a mechanical breakdown, flat tyre or engine failure. Roadside assistance is an add-on that is usefull in such circumstances. You will be provided with immediate roadside assistance which includes refueling, towing, key replacement and tons of other benefits
Usual insurance plans do not cover parts like nuts, engine oil, and bolts etc. Opting for a consumables cover ensure that expenses related to the replacement of consumables in a vehicle are compensated by the insurance company
Engine Protect Cover
This add-on keeps you financially safeguarded in case of damage or repair of the engine or its parts. Remember, comprehensive car insurance does not cover damages incurred in a car engine or its components like the cylinder, piston, pins, crankshaft, gearbox, etc. Only an additional cover can save you from such expenses. Useful in water logged areas where there are chances of water ingression in engine
Return To Invoice Cover
Purchasing a return to invoice cover is of much worth in circumstances of total loss or theft. You will be paid the original invoice value of your vehicle, including its registration charges and road tax
**Conditions are subjected to change depending upon the insurance company.**
Kotak Mahindra Car Insurance Claim Process
Contact the insurerCall Kotak General Insurance on 1800 266 4545 and register your claim. You can visit the workshop and intimate your insurance company
Reach the workshopDrive your vehicle to the workshop or get the same towed
The Survey BeginsPost intimation, a surveyor is appointed. It may take up to 24-48 working hours
Documents Must Be PresentedThe policyholder must submit various documents to the insurance provider. These include Driving License, RC, Claim Intimation Form, Aadhar Card, Policy Copy, PAN Card and a Repair Estimate
The Survey Is Completed
Survey of a vehicle is completed within 24 to 48 working hours of claim intimation
Surveyor Makes the Call
Once a thorough survey of the car has been done, the surveyor either accepts the claim or rejects it. Repair-works commence after approval
Delivery Order is Given
After the repairs are complete, a final survey is done. Deliver order is issued next
Process of Non-Cashless Claims
Your insured vehicle undergoes repair-works. Initially, you must bear these expenses. The insurance company reimburses the agreed claim amount soon after
Kotak Car Insurance User Reviews
It has been a great experience. Received valuable guidance and support from the team.
Your executive had deep knowledge in related sector i.e. insurance.I am very much satisfied to talk with them. I appreciate the quick response of insurancedekho team. Thank you all.
I really liked the website. It was easy to navigate and also the load time was less. Thanks for helping me get a policy instantly.
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The entire process was very easy.
Kotak Mahindra Car Insurance FAQs
Can I avail the benefits of roadside assistance with Kotak car insurance?
Kotak Insurance provides prompt services for roadside assistance. Don’t panic when you are stranded in a deserted road. Call Kotak on 1800 266 4545 and request for help. Some of the services provided include:
- Battery jump start
- Towing of the car
- Emergency refueling
- Key replacement if you are locked out
- Minor repairs if needed
I have a car insurance policy with Kotak. What should I know about IDV?
IDV stands for the Insured Declared Value of a vehicle. It is the maximum sum assured decided by the insurer in circumstances of theft or total loss. Please Note: Costs of registration and insurance is not included when calculating the IDV of a vehicle. In short, final compensation is offered by an insurance company in situations of a total loss on the basis of IDV.
I wish to purchase motor insurance from Kotak. How long will my policy be valid?
While generally insurance plans are for a year, insurance companies have now come up with long-term plans. New car owners must insure their vehicles with a third party policy for at least 3 years
Third Party Policy by Kotak – what is the coverage offered?
Third party insurance is a basic policy. It covers:
- Damage to a third party property
- Disability or death due to accident
- Legal fees and lawsuits due to accidents
Does Kotak Car Insurance provide No Claim Bonus?
Yes, the company provides No Claim Bonus. NCB is provided when a customer does not make any claim during a policy period
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